amitgupta50320

amitgupta50320

📉 Chemplast stock has recently experienced a significant 50% decline from its all-time high. However, on the weekly timeframe, the stock has formed a flat channel pattern and successfully broke out of it on the last Friday, signaling a potential bullish move ahead. 💪 This breakout was preceded by a buildup phase, which enhances the likelihood of a successful...

amitgupta50320

Mazagon Dock Ltd., a prominent shipbuilding company, witnessed an impressive surge in its stock price as it hit the upper circuit with a remarkable 20% increase on Monday. With a market capitalization of ₹19,888 crore, Mazagon Dock Ltd. has caught the attention of investors and traders alike. Following a period of consolidation since December 22, the stock broke...

amitgupta50320

Minda Corp, an auto ancillary company, has shown significant potential for future growth and investment. The stock recently broke out of a long-standing consolidation zone, forming a Cup with Handle pattern on the monthly timeframe. This bullish technical formation has sparked interest among investors. After trading within a consolidation zone for the past...

amitgupta50320

After correction of 50%, the stock has formed channel pattern on weekly TF and broke it out successfully. while momentum indicator RSI has shown divergence and currently is above 60 which is also an bullish indication. fresh long positions can be initiated here around 1120-1130 with the stoploss below 1080. our expected targets are 1380-1710 in short to mid...

amitgupta50320

the stock has corrected more than 60% since listing. after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully. RSI above 60 is also confirming bullish momentum. Fresh long position can be initiated above 68.5 with the stoploss of 64. our expected targets are 74.5-85 in short term. holding...